Energy Recovery Inc (ERII, Financial) is set to release its Q3 2024 earnings on Oct 30, 2024. The consensus estimate for Q3 2024 revenue is $39.11 million, and the earnings are expected to come in at $0.11 per share. The full year 2024's revenue is expected to be $146.16 million and the earnings are expected to be $0.32 per share. More detailed estimate data can be found on the Forecast page.
Energy Recovery Inc (ERII, Financial) Estimates Trends
Over the past 90 days, full-year 2024 revenue estimates for Energy Recovery Inc (ERII) have increased from $145.52 million to $146.16 million. However, the revenue estimates for 2025 have declined from $173.68 million to $175.33 million. Earnings estimates for 2024 have remained steady at $0.32 per share, while estimates for 2025 have decreased from $0.59 per share to $0.58 per share.
Energy Recovery Inc (ERII, Financial) Reported History
In the previous quarter ending on June 30, 2024, Energy Recovery Inc's (ERII) actual revenue was $27.2 million, which beat analysts' revenue expectations of $22.876 million by 18.9%. Energy Recovery Inc's (ERII) actual earnings were -$0.01 per share, which beat analysts' earnings expectations of -$0.113 per share by 91.15%. After releasing the results, Energy Recovery Inc (ERII) was up by 20.64% in one day.
Energy Recovery Inc (ERII, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 4 analysts, the average target price for Energy Recovery Inc (ERII) is $20.50 with a high estimate of $23 and a low estimate of $16. The average target implies an upside of 14.02% from the current price of $17.98.
Based on GuruFocus estimates, the estimated GF Value for Energy Recovery Inc (ERII, Financial) in one year is $32.07, suggesting an upside of 78.36% from the current price of $17.98.
Based on the consensus recommendation from 4 brokerage firms, Energy Recovery Inc's (ERII, Financial) average brokerage recommendation is currently 1.5, indicating a "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
